Pakistan’s monetary policy has been the focus of attention over the last few years, particularly since Dr. Reza Baqir became governor in 2019. His three year tenure is up, which is a good time to assess the central bank and its performance.

In this episode, Uzair talks to Ariba Shahid, a business journalist based in Pakistan, about the highs and lows of the SBP over the last few years.

Chapters:

0:00 Introduction

1:10 What did the SBP get right?

21:00 Digital payments

29:00 What did they get wrong?

36:50 Fiscal overruns and monetary policy

42:40 Where does the SBP go from here?